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Mar 25, 2013
03/13
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KRON
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creditors who lent stockton money are challenging its chapter 9 bankruptcy petition, but most observers say the city of 300,000 will be successful. its largest creditors are bond insurers who helped the city refinance pension debt. >> we are seeing changes with the wind coming off the ocean and increase with clouds.hall signs of changes. even wet weather. temperatures are cooling to 50 degrees in san francisco fairfield, brentwood. low clouds coming off the ocean. tomorrow you will see gray skies but as we go for the afternoon some high clouds with clouds and gusting winds will be expected. and on the in income if chance for rainfall. new york's coney island is now open for business. today senator chuck schumer the start of the park's season. coney island opens the week before easter every year. but this year a lot of work had to be done to the electrical system that was damaged during superstorm sandy. officials say that today's celebrations serve as a reminder to renew their focus on recovering from the devastating storm. police in georgia say an anonymous tip helped them death of a 1
creditors who lent stockton money are challenging its chapter 9 bankruptcy petition, but most observers say the city of 300,000 will be successful. its largest creditors are bond insurers who helped the city refinance pension debt. >> we are seeing changes with the wind coming off the ocean and increase with clouds.hall signs of changes. even wet weather. temperatures are cooling to 50 degrees in san francisco fairfield, brentwood. low clouds coming off the ocean. tomorrow you will see...
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524
Mar 25, 2013
03/13
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FOXNEWSW
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how is that possible, little stockton? if you look at the map in california everybody was moving out in san francisco, properties were too high there, same with palo at torques silicon valley, they moved to stockton. what could happen in detroit unless they start cutting more. if detroit has to file for chapter 9 bankruptcy municipal that would make headlines around the world and kind prus would be booted off the front page. >> that's what they are trying to do and -- >> the mayor and the city council loose all the authority they shr-fplt they've been trying and they can't do that. they can't negotiate contracts because a lot of them are involved in a roundabout way with the contracts originally put forth. he'll come in and say listen you're going to cut the spending right here or we are going bankrupt. he's come out and said i've been through bankruptcy before i'm okay going through it again in detroit. >> reverend jesse jackson calling for massive demonstrations gains him today. we'll see what happens. bill: new developm
how is that possible, little stockton? if you look at the map in california everybody was moving out in san francisco, properties were too high there, same with palo at torques silicon valley, they moved to stockton. what could happen in detroit unless they start cutting more. if detroit has to file for chapter 9 bankruptcy municipal that would make headlines around the world and kind prus would be booted off the front page. >> that's what they are trying to do and -- >> the mayor...
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Mar 25, 2013
03/13
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FBC
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>> it's stockton, the city of stockton wins, if they're able to lower the debt obligation for bondholders. stuart: they want to go into bankruptcy. sandra: they want to restructure the debt. stuart: and give them a haircut. sandra: this would be ground breaking for other cities, san beni benito-- san bernardino. stuart: if they take a haircut, why would anybody in their right mind lend money again to a shaky american city. sandra: exactly, that's the ripple effect i'm talking about and thises a-- >> and stockton built a news waterfront, a baseball stadium. i think that detroit is going to be a little more interesting, in the sense it's not a bankruptcy, but, you know, the race issue comes in and large american cities. you've had al sharpton's group go to kevyn orr's office and they don't want to go to the puppet, they want to go to the puppet master. and jesse jackson's group having a protest and they're saying that the bondholders ironically are going to benefit from the shake-up at the expense of people who live in detroit and that's one to watch the fireworks and in both cases a cautio
>> it's stockton, the city of stockton wins, if they're able to lower the debt obligation for bondholders. stuart: they want to go into bankruptcy. sandra: they want to restructure the debt. stuart: and give them a haircut. sandra: this would be ground breaking for other cities, san beni benito-- san bernardino. stuart: if they take a haircut, why would anybody in their right mind lend money again to a shaky american city. sandra: exactly, that's the ripple effect i'm talking about and...
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Mar 25, 2013
03/13
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KGO
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stockton faces a four day fight over whether it can remain under federal bankruptcy protection. the city hopes to avoid claims in state court that will force it to pay more than $300 million in debts. they suffered the sharpest richest to rags swings when the mortgage bubble burst. the city has slashed tens of millions in services and programs but has drawn a line on cutting pensions or retiree benefits. they help to force creditors to settle for a fraction of what they are owed. >> about 5:54 on this monday. is there a chance of rain? we will check with our meteorologist. lisa? >> we do not is a great chance. it looks like we are getting cooler conditions, but rain? you know...it is really looking like, again, pushing back toward the end of the work week. starting out with some fog in the not bay, at half moon bay, and novato and santa rosa, and a mile in napa but everyone else, it is a warmer start. this afternoon we are talking about cooler. it will be gusty at times. upper 50's in san francisco. 65 in oakland. 68 in morgan hill. a few extra clouds if you want the warmth, sou
stockton faces a four day fight over whether it can remain under federal bankruptcy protection. the city hopes to avoid claims in state court that will force it to pay more than $300 million in debts. they suffered the sharpest richest to rags swings when the mortgage bubble burst. the city has slashed tens of millions in services and programs but has drawn a line on cutting pensions or retiree benefits. they help to force creditors to settle for a fraction of what they are owed. >> about...
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Mar 20, 2013
03/13
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KNTV
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most people think it's kind of a crazy idea like tracie or stockton would be a better place to have veteran housing but why not here. >> the plan for veteran housing is a long way from becoming a reality. heaton must get to the owners of the land, convince them to sell it and the city to build housing. >>> this will break your heart. a few months after he beat lymphoma, a 6-year-old boy is fighting for his life again against leukemia. he needs a bone marrow transplant to save his life. the leukemia is aggressive and chemotherapy will not cure it. the family has been told there are not many people of hispanic descent in the current database. finding a match will be extremely challenging. eduardo's classmates and teachers are spreading the word about finding a bone marrow match. the family hopes their son's story will inspire others to answer the call. >> i'm really convinced we can find it and save him and do whatever we need to do to convince the people to do the test. >> a bone marrow drive for eduardo will happen at river glen school next friday march 29th. it will start at 2:30 in the af
most people think it's kind of a crazy idea like tracie or stockton would be a better place to have veteran housing but why not here. >> the plan for veteran housing is a long way from becoming a reality. heaton must get to the owners of the land, convince them to sell it and the city to build housing. >>> this will break your heart. a few months after he beat lymphoma, a 6-year-old boy is fighting for his life again against leukemia. he needs a bone marrow transplant to save his...
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Mar 20, 2013
03/13
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KGO
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rain out there, but the more intense rain has moved away from the delta community and is headed to stockton and interstate 5. we have some moving through the higher elevations of marin county and the sonoma county and this is headed over to petaluma and novato and san rafael, your wear will get wet again in the next 20 minutes. you can see the rain coming from 680, on martinez and headed out four from concord and bay point but not so heavy as it was before. and drifts are developing around san mateo south of san bruno and belmont and redwood city and all the way to palo alto, you could get pore light rain the next half hour. we are going to be wet at times around the bay and it will move to the south at noon and the drying will begin in the afternoon. the best chance of rain had morning is moving into the east bay valley after the morning commute and you will be fairly dry headed through the evening hour and the north bay coast is getting the rain this morning and it will be steady as you head to noon and in the afternoon, you will also see it tapering. >> we have serious situation in the s
rain out there, but the more intense rain has moved away from the delta community and is headed to stockton and interstate 5. we have some moving through the higher elevations of marin county and the sonoma county and this is headed over to petaluma and novato and san rafael, your wear will get wet again in the next 20 minutes. you can see the rain coming from 680, on martinez and headed out four from concord and bay point but not so heavy as it was before. and drifts are developing around san...
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Mar 21, 2013
03/13
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MSNBCW
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. >> i don't remember if you remember the stockton, he brought ted nugent to the -- >> yeah. >> krystal, he tweeted out, the best thing about the earth is if you put holes in it, oil and gas come out. how is that for kinder and gentler? he actually tweeted this. >> and that's part of the problem. if you have any concern about the environment, if if you have any concern about climate change, are you going to look to someone that's a party that's saying things like that? that's not offering any solutions and i think that's part of the problem. cap and trade, which has been thoroughly demonized, that was a conservative idea. that's a market-based approach to dealing with climate change. democrats have adopted some of these goods, market-based things that they used to do. if they are going to be an effective party and opposition, they have to offer nuance responses. it's worked for them a while but now that well has run dry, so to speak. >> and i think joan made a very good point. usually they take an autopsy after you've been pronounced dead. they don't usually take 5 autopsies while you'r
. >> i don't remember if you remember the stockton, he brought ted nugent to the -- >> yeah. >> krystal, he tweeted out, the best thing about the earth is if you put holes in it, oil and gas come out. how is that for kinder and gentler? he actually tweeted this. >> and that's part of the problem. if you have any concern about the environment, if if you have any concern about climate change, are you going to look to someone that's a party that's saying things like that?...
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Mar 21, 2013
03/13
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KNTV
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. >>> both singer michelle stockton apologizing after using a gay slur during a performance in san francisco. she says her comments about gay people and gay marriage were misinterpreted. she says she does not judge gay people and was simply trying to point out how some people feel with the issue. venues all across the country have canceled most of the singer's upcoming performances as a result of her comments. >>> 5:21. america's cop rocking out. details on the concert series that comes with the race. >>> a live look at the bay bridge in san francisco. it is a lovely site early in the morning. the night dancing with the lights. stick around. "today in the bay" rollsen o. >>> welcome back on a friday eve, also known as thursday. this is a live look over san francisco's international airport as traffic starts to slowly fill up out there on the rhodes. mike inouye will be along to tell you what's happening with that. christina loren has your weather forecast. it is 5:23. >>> contra costa county's oldest working police dog retiring tonight. dar has been patrolling the streets of san ramon for mo
. >>> both singer michelle stockton apologizing after using a gay slur during a performance in san francisco. she says her comments about gay people and gay marriage were misinterpreted. she says she does not judge gay people and was simply trying to point out how some people feel with the issue. venues all across the country have canceled most of the singer's upcoming performances as a result of her comments. >>> 5:21. america's cop rocking out. details on the concert series...
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Mar 22, 2013
03/13
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KNTV
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control towers in napa, concord, livermore, stockton and santa rosa are all on the list of possible closures. >>> it is not great but it is going to have to do for now. another band-aid and short-term fix for the national budget. the house voting to keep the government running. that's good news. it keeps in place $85 billion in spending cuts to the pentagon and domestic programs. that means temporary furlough for hundreds of thousands of government workers will stay in place. the spending authorization is on the way now to the white house waiting for the president's signature. >> the u.s. supreme court is getting set to take on the issue of gay marriage. speaking out across the nation including right here in the bay area. christie smith joins us live where a 12-year-old wants the court to hear what he has so say. good morning, christie. >> reporter: two historic cases on gay marriage set to go before the supreme court. a 12-year-old bay area boy has stepped in the mix. he wrote a letter to the chief justice john roberts about his own family. he was adopted by two dads. the la few family live
control towers in napa, concord, livermore, stockton and santa rosa are all on the list of possible closures. >>> it is not great but it is going to have to do for now. another band-aid and short-term fix for the national budget. the house voting to keep the government running. that's good news. it keeps in place $85 billion in spending cuts to the pentagon and domestic programs. that means temporary furlough for hundreds of thousands of government workers will stay in place. the...
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Mar 22, 2013
03/13
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KNTV
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control towers in napa, concord, livermore, stockton and santa rosa are on the list of possible closuresment >>> public reaction mixed for the changes proposed to yosemite park. >> we got rid of all this, now, lelts get rid of all the vendors once and for all. >> this is the path forward. >> those are the people showing up at a national park service meeting to express their feeling on the plan to stop bike and raft rentals at the park as well as horseback riding. environmentalists also want to get rid of the ice rink at curry village, swimming pools at the yosemite lodge and owana hotel and art activity center. they say it is important to restore the natural setting and protect the merced river. the proposed changes coming after some decades of back and forth lawsuits between environment. tallis ta and the park. >>> runners trying to get limber for this weekend in oakland, the city's annual running festival. the fourth year for this event which includes a 5k half marathon and a full marathon. 26 bands and d.j.s signed up to cheer on the runners with music and fine tunes. the race organizers
control towers in napa, concord, livermore, stockton and santa rosa are on the list of possible closuresment >>> public reaction mixed for the changes proposed to yosemite park. >> we got rid of all this, now, lelts get rid of all the vendors once and for all. >> this is the path forward. >> those are the people showing up at a national park service meeting to express their feeling on the plan to stop bike and raft rentals at the park as well as horseback riding....
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Mar 22, 2013
03/13
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CSPAN
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david stockton outlined a strategy in the 1980's. evenight wing noted that through republican presidents like eisenhower and nixon, you could not cut popular programs like social security or medicare. and government grew at a slower rate. they can love with a strategy of starving the bees. -- they came up with a strategy of starving. the starving -- they huge deficits sta up with a strategy of rving the beast. creating huge deficits. republicans deny care about deficit at all -- do not care about deficits at all. what they do care about is cutting government. to quote grover norquist, it can b t in a bath tu [indiscernible] they call it something else but it would destroy both programs. their goal is to destroy government. corporations paid on average 40% of profits for taxes. arey large corporations 12ing about fall% -- about %. they ryan budget would lower that further. millionaires with a $200,000 tax cut -- would get a 200,000 todollar tax curt. t. host: a tweet -- is true.at if you looked at the budget, we have not had in the gr
david stockton outlined a strategy in the 1980's. evenight wing noted that through republican presidents like eisenhower and nixon, you could not cut popular programs like social security or medicare. and government grew at a slower rate. they can love with a strategy of starving the bees. -- they came up with a strategy of starving. the starving -- they huge deficits sta up with a strategy of rving the beast. creating huge deficits. republicans deny care about deficit at all -- do not care...
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Mar 24, 2013
03/13
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KTVU
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in 90 minutes a rally will be held at the post office on stockton street in san francisco. it will be one of many rallies held across the country. today's day of action is being held to try to save the six-day service now in place. in december the postal service announced it would stop saturday service by late summer. postal workers say that is not a good idea because they say people depend on their mail and say eliminating a day of delivery will hit small communities and businesses the hardest. >>> the home improvement chain lowe's is accused of discrimination in san francisco. lowe's opened a shore on bayshore boulevard in 2010 but the chronicle is reporting that six current and former employees have filed a lawsuit. they say lee's hired minority employees to comply with a agreement that allowed that store to be built. however, they say the management fired those employees once the store opened. lowe's declined to comment but has insisted that it is in full compliance with city regulations. >>> the city of san jose is expected to approve adds 7 million incentive for samsu
in 90 minutes a rally will be held at the post office on stockton street in san francisco. it will be one of many rallies held across the country. today's day of action is being held to try to save the six-day service now in place. in december the postal service announced it would stop saturday service by late summer. postal workers say that is not a good idea because they say people depend on their mail and say eliminating a day of delivery will hit small communities and businesses the...
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Mar 26, 2013
03/13
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FOXNEWSW
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a bankruptcy battle is underway in stockton, california, the most populated u.s. city to file for chapter 9 bankruptcy. lawyers argue that is the only option for the failing city but creditors disagree and are taking him to court. >>brian: charles payne, fox's business network guy, filling in for stuart varney this week. what do you think, charles? >> i think it is the only option. it is hard to argue these guys haven't tried. 25% of the police officers are gone, 40% of city hall is gone. they dug themselves into an amazing hall. what happened was you had a situation where you had typical government spending particularly at a local level which by the way sofpb more outrageous -- is often more outrageous than what we see in washington, d.c. combine that with the steroids of a housing boom. the average house there went from $100,000 to $400,000. from 2000 to 2006, talk about a county and city feeling flush. they made am mazing obligations and amazing promises. they built a hockey arena. they thought they would have a semi prosports league. >>steve: sky was the limit
a bankruptcy battle is underway in stockton, california, the most populated u.s. city to file for chapter 9 bankruptcy. lawyers argue that is the only option for the failing city but creditors disagree and are taking him to court. >>brian: charles payne, fox's business network guy, filling in for stuart varney this week. what do you think, charles? >> i think it is the only option. it is hard to argue these guys haven't tried. 25% of the police officers are gone, 40% of city hall is...
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Mar 26, 2013
03/13
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FOXNEWSW
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county administrators and officials of every type, steve was talking about all the different counties, stockton is in the same vote, they sit there and voted themselves tremendous pensions or whether it is health care allowances for the rest of their lives, and no one was too sort of stop it, but when you set politics aside it is about the math. there is actually at the end of the day no way to pay this over time. >> melissa, the good news about this story, if there is any silver lining there, you're exactly right. the only way you stop this is with taxpayers. you know what? bill, there are several instances where taxpayers have voted on the ballot to put a clamp on these out of control pensions. so there is some movement in the right direction with people saying look, we want money to go for schools, not pensions. bill: is there anything in california that addresses perhaps renegotiating these contracts. >> bankruptcy. that is what keeps happening again and again. >> that's right. >> only way to deal with this and break these contracts is eventually to go into bankruptcy when the county can't
county administrators and officials of every type, steve was talking about all the different counties, stockton is in the same vote, they sit there and voted themselves tremendous pensions or whether it is health care allowances for the rest of their lives, and no one was too sort of stop it, but when you set politics aside it is about the math. there is actually at the end of the day no way to pay this over time. >> melissa, the good news about this story, if there is any silver lining...